jeffw@lemmy.worldM to

News@lemmy.world · 1 year ago

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

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US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

jeffw@lemmy.worldM to

News@lemmy.world · 1 year ago

cross-posted to:
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Billionaires now control 1 out of every 25 dollars of American wealth.

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1 year ago
You have it backwards. The mean, not the median, is skewed by outliers.

If there are ten people in a room with $10 and one person with $1,000,000, the median is $10 whereas the mean is ~$90,000.

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